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Silver Bear Obtains Four Year Licence Extension

Silver Bear Resources Inc. (SBR.TO) reports that the Russian State Subsoil Agency has granted the Company a four year extension to the term of the exploration licence relating to Silver Bear's Mangazeisky Silver Property in Yakutia, Russia. Prior to the extension, the company was permitted to explore on the property until December 31, 2012. The extension provides that the new licence term will run to December 31, 2016, allowing the Company to significantly extend its exploration activities on the property.

Shares are up 1 cent (3.12%) to 33 cents late morning. More than 28,000 shares have changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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